If you have a business that relies on a variety of heavy-duty equipment to carry out day-to-day activities, then you will not want to have them break down. Purchasing most of the business equipment is not cheap and many businesses usually end up folding when they find themselves in this predicament. You should however, be aware that there is hope in form of equipment financing options that exist in the world today. It is necessary for you to make sure that you access an equipment finance option that is right for your needs if you are to avoid making mistakes that may cost you your livelihood.

Below are some of the factors that you should consider before selecting equipment financing option for your business:

Affordability

Each equipment finance company that you contact will give you a quote that is unique depending on the products and services you are going to get. Business equipment is never cheap but with research, you can access a company that will provide you with competitively priced financing options. Getting great value for your money in the long term should be your ultimate goal. As long as you will have access to the equipment your business needs to make money, paying it off should not be a problem if the prices are fair.

Types of Equipment Provided

The service provider you select should provide you with the type of equipment you will need. Different industries have different equipment requirements and getting a leading service provider will assure you of the best deals available. The education, medical, construction, energy, and mining industries are just an example of the sectors that require heavy equipment and having a company that provides for a wide range of these options should be your aim. This way you can purchase all the products you need from one supplier, which may end up being cheaper in the long term.

Range of Financing Options Available

It is important for you to ensure you have some wiggle room as far as the equipment finance options are concerned. Leading financing companies allow for flexibility when it comes to financial payment arrangements to ensure that majority of their clients can pay for their equipment they obtain from them. Some of these include lease purchases, fixed loans, floating term loans, lease lines of credit and so on. Having flexible financing options ensures that you will not default on payments and lose your business.

Terms of Payments

When it comes to doing business, never work with an equipment finance company that does not have transparent dealings. Ensure that you select a service provider who gives you clear terms regarding your expected payment period, interest rates, monthly payments, sell and lease conditions etc. At the end of the day, it is your business on the line, so you must practice caution.

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On January 28, Bloomberg published an article focusing on the Bordeaux 2010 vintage which will soon start hitting the retail shelves and which, being recommended by winemakers, is bound to attract the attention of people who invest in wine.

The 2010 Vintage

The author of the piece, Elin McCoy, attended a wine-tasting at which110 top Bordeaux producers presented their reds and whites from the 2010 vintage. Ms McCoy noted that while the quality of the 2010 vintage was exceptional formany chateaux, the futures prices were so high that therewas likely to be stock languishing in warehouses, especially given that a lot of Bordeaux lovers filled up their cellars with the 2009 vintage.

As noted in an article by the wine magazine Decanter, entitled “Bordeaux 2010 report: Fatigue, readjustment, and a missed opportunity”, the2010 vintage has been hailed as the second-most successful vintage of all time, 2009 being the record-breaking best, 2005 in third place.

Winemakers’ Choice

Yet Ms McCoy noted that,while the winemakers she interviewed insisted that both 2009 and 2010 were great vintages, they preferred their 2010 wines. “The 2010s are more electric, more detailed, like high-pixel images,” according toAlexander Van Beek, general manager at the commune of Margaux, as quoted in the Bloomberg piece.

Decanter consultant editor Steven Spurrier also enthusedthat the 2010 vintage “is looking like THE greatest Bordeaux vintage, so far, and, contrary to expectations, not tiring to taste.”

High Prices

With all the positive reviews, 2010 is plainly a vintage to consider. Yet the high prices could potentially discourage manywilling to invest in wine. Ms McCoy quoted Olivier Bernard of Domaine de Chevalier as blaming wine investment funds for the high prices. “Wine should be drunk with a smile,” Mr Bernard points out. “If wine lovers pay too much, they don’t smile. They may buy once without a smile, but they won’t do it a second time.”

In a phone interview, Gary Boom, managing director of the UK’s Bordeaux Index,pointed outthat massive amounts of 2009 futures were sold even at high prices, “but only half of that with the 2010s” since “people had already spent their money.”

So wine investors who didn’t spend their money on the 2009 vintage and are thinking whether to invest in wine could potentially consider the 2010 vintage as an wine investment option.

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Babies are expensive but quite often people don’t realise quite how expensive they are. There’s no way that you can prepare for the added expenses that your family will have to deal with other than save from the moment you find out you’re pregnant. However, when your little bundle of joy is born there are loads of ways you can save yourself money so that you’ve got a little bit left over.

When it comes to having your baby you might find yourself in hospital for a few days so there are a few things you should remember when you’re there.

• Firstly, don’t use the TV; some hospitals charge as much as £6 per day to watch the TV so why not save that money and use the time to bond with your little one and recuperate as you won’t have time for recuperation and relaxation when you get home.

• There’s quite often a selection of toiletries in the cupboard including nappies, lotion, wipes and a thermometer, you should ask to take these things home – usually you’re allowed – to save yourself having to go out and buy loads as soon as you get home.

• Maternity wards in hospitals are always being plied with free samples and coupons too but generally nurses are too busy to give them out. If you ask they’ll be more than happy to give you whatever you have; a lot of the time there will be samples of baby lotions and creams as well as coupons for nappies and milk formula – you could save yourself loads.

Breast is best and it sure is cheapest. If you can’t breast feed then you obviously have no choice but to shell out on formula but if you can you’ll definitely notice the difference in your bank balance. A lot of people think that you have to have your own breast pump to express milk in advance but this isn’t the case, you can share them so if a friend or family member has one, as if you can borrow. The only thing you can’t share are the plastic attachments but you can buy those cheaply enough from chemists and even supermarkets. Borrowing a breast pump will help save you at least £100 if not more.

You should never buy too many baby clothes in advance; if you buy a winter coat in September it definitely won’t fit them by the time the cold weather hits so that’s quite a bit of money lost. Also, stick to neutral coloured baby clothes, that way you can use them again if you ever have another.

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A college degree can go a long way to helping you gain a successful career you will love.  That being said it can be difficult to know what to major in. What kind of career can you get with your degree? What kind of growth exists in your field? Doing some career research in advance can help you decide what to major in today. We have looked at jobs with a math and sociology degree, now let’s look at a degree in economics.

While it may not initially sound like it, a degree in economics is a versatile tool that can open up numerous doors for you. Economic graduates can go on to work in numerous fields including business, consulting and even government.  In fact, one recent report showed economic majors ranked 4th out of 16 academic majors in starting salaries behind computer science, mathematics and engineering. Here are some possible fields.

Business Careers

The most common field for economic majors to work in is the business and corporate world.  While an economics degree doesn’t prepare you for a specific role it does help you understand business from a bigger picture which gets your foot in the door. Economics teaches reasoning and problem solving skills which are a valuable asset and can open doors to, management, marketing, finance and consulting.  It is also a good foundation for those who want to pursue a MBA. Pay various depending on education but a degree in economics has an average starting salary of $48,000 while the median salary for senior economist is $83,000.

Government Careers

Another huge employer for economic majors is the government on the state, local and federal level.  They often hire economic majors to help forecast economic conditions and evaluate their effect on budgets, monitor and evaluate agency operations and budgets and analyze different types of data. The Department of Labor and Commerce and weirdly enough the CIA, are all amongst the largest government economic employers. The added benefit is that you work on the government pay scale, which includes numerous holidays, time off and great benefits. The average government salary in this field is $108,010.

Public Policy Careers

If you love debating public issues and dissecting approaches to problem solving in areas ranging from health to national defense then a policy analyst position may be for you. Policy analysts compare and evaluate a wide range of public policy options to aid decision makers in the government. While you may think this involves working for the government most analyst work for private firms, often called think tanks that are hired out by the government.  Many of these positions require a post graduate degree but a bachelor’s may get your foot in the door. Analysts can make anywhere from $40,000 to $65,000 depending on experience and education.

So there you go. Three thrilling fields to work in with an economics degree. Check with online bachelor’s degrees for available courses.

Jeff Jordan writes in lives in Southern California. He writes about education  and schools such as Trident University.

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The interesting thing about the prospects of a world government is that there are aspects of a world government already in place. In the realm of international accounting, many countries are on the same page. After all, if the rules of accounting are different in every country and countries cannot come to any sort of agreement, where would that leave trading and investors? It is possible that trading and accountancy would take on a more piratical form, if not completely influencing a country in the interests of a bigger country.

Much like the metric system (and the imperial system of measurement), it has been seen that international accounting standards would benefit businesses and countries around the world. This is why there are International Financial Reporting Standards. Standardization across the world for accounts was created to make company accounts understandable and comparable across international borders. The need for these standards is a consequence of growing international shareholding and trading. For companies that have dealings in more than one country, such standards are very important.

The IFRS Foundation is a non-profit accounting organization comprised of two bodies: the International Accounting Standards Board and the Trustees. Within the foundation, there is also the IFRS Advisory Council and the IFRS Interpretations Committee. The trustees appoint members of the IASB, advisory council and the interpretations committee as well as establishing operating procedures, exercise oversight and raise the funds needed for operating. The group that oversees the effectiveness of the trustees is the Trustees’ Due Process Oversight Committee. The trustees are also accountable to a monitoring board of public authorities. The IASB is independent from the IFRS Foundation and is responsible for creating the standards that international accounting run by.

113 countries around the world have adopted IFRS and 85 of those countries require IFRS reporting for all domestic, listed, companies. This worldwide standardization is beneficial for companies because it improves the quality of information and reduces the costs of comparing alternative investments. The increased comparability of a set accounting standard will help companies that are involved in foreign activities and investment. International Accounting is made easier by these standards because all participating countries and the businesses therein, are on the same page. Math is now the closest thing to a universal language there is.

Of course, not all countries adopt the complete framework of IFRS. For instance, Australia has received a little criticism for their “Australianising” of the IFRS. Even though Australia was one of the first countries to adopt IFRS for domestic purposes, The Australian Accounting Standards Board was merely creating equivalents to IFRS that reflect local terminology. Some of those changes have been reversed, along with reinstating some options and eliminating some Australian specific disclosure. Australia has been on the side of a standardized international accounting framework since the very beginning, but saw the need to create an Australian version, possibly to keep some of its identity from being confused on an international scale.

Canada was a late joiner to the IFRS where international accounting is concerned. In 2011, it was made mandatory that all Canadian, publicly accountable and profit-oriented enterprises adopt IFRS for financial periods beginning on or after January 1st, 2011.

Taiwan is the most recent to move their businesses into this realm of international accounting. The companies listed in Phase I (listed companies and financial institutions supervised by Taiwan’s Financial Standards Committee) are required, as of January 1st, 2013, to prepare financial statements in accordance with Taiwan-IFRS. Phase II companies, which are credit card companies, credit cooperatives and unlisted public companies, will be required to use Taiwan-IFRS starting from January 1st, 2019. Early adoption was permitted for Phase I companies and is now permitted for Phase II companies.

The IFRS Foundation is a non-profit accounting organization comprised of two bodies: the International Accounting Standards Board and the Trustees. Within the foundation, there is also the IFRS Advisory Council and the IFRS Interpretations Committee. The trustees appoint members of the IASB, advisory council and the interpretations committee as well as establishing operating procedures, exercise oversight and raise the funds needed for operating. The group that oversees the effectiveness of the trustees is the Trustees’ Due Process Oversight Committee. The trustees are also accountable to a monitoring board of public authorities. The IASB is independent from the IFRS Foundation and is responsible for creating the standards that international accounting runs by.

There are many U.S. based agencies that are experienced in international accounting and know well the rules and regulations the IASB sets forth. One of the most experienced would have to be RBZ, a firm that has the large firm technical experience combined with the client attentiveness of smaller firms.

RBZ is an international accounting firm. Our international tax services group provides tax consulting and compliance services to businesses that are based in the U.S. and currently have foreign operations, or are planning to expand internationally. We also assist non-U.S.-based companies that are entering or planning on entering the U.S. marketplace.

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